empty
25.10.2021 05:29 PM
Trading signal for NASDAQ 100 (#NDX) on October 25 - 26, 2021: sell below 15,440 (SMA 21)

This image is no longer relevant

Nasdaq 100 technology index (#NDX) is rising in the morning of the American session after having closed the week below the SMA of 21. Now it tries to break and consolidate above this moving average. A break from the weekly high at 15,496 could be a sign of a bullish move and the index could continued its rally to 6/8 murray located at 15,625.

In the 4-hour chart, we can see that since October 19, the Nasdaq has been consolidating within a downtrend channel. We should expect that the top of this channel prevents new highs. A pullback towards this resistance will be a good opportunity to sell below 15,440.

A break through 15,500 will indicate a resumption of the uptrend and the index could quickly rise to the 6/8 murray resistance at 15,625. However, a correction towards the 200 EMA located at 15,105 could first occur in line with eagle indicator that is showing signs of the overbought market.

On the other hand, the eagle indicator has reached overbought levels, which means that a technical correction could occur in the next few hours towards the key support level at 15,1015. If the NASDAQ consolidates below the 21 SMA, it could confirm the bearish move and it will be a good opportunity for us to sell.

Our short-term forecast is that the Nasdaq consolidates below 15,387 and above 15,105. This may be the range for the next few days. If the Nasdaq surpasses these levels, it may be a sign of a bullish movement or a bearish movement longer.

Given that the main trend is bullish and if your strategy is to continue buying, a good point would be to wait for a technical bounce at the 200 EMA (15.105). This level can encourage a new rally and the Nasdaq could rise to 15,625 (6/8).

Support and Resistance Levels for October 25 - 26, 2021

Resistance (3) 15,625

Resistance (2) 15,546

Resistance (1) 15,453

----------------------------

Support (1) 15,299

Support (2) 15,183

Support (3) 15,102

***********************************************************

A trading tip for NASDAQ 100 for October 25 - 26, 2021

Sell below 15,440 (SMA 21) with take profit at 15,299 (bottom bearish channel) and 15,105 (EMA 200), and stop loss above 15,520.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on May 9. SP500 and NASDAQ trading higher

At the close of the last regular session, US stock indexes ended in the green. The S&P 500 rose by 0.58%, the Nasdaq 100 gained 1.07%, and the industrial

Jakub Novak 15:36 2025-05-09 UTC+2

S&P 500 Forecast for May 9, 2025

The U.S. stock market has overcome uncertainty and is set for growth towards new all-time highs. The price has settled above the indicator lines of the Balance Line

Laurie Bailey 05:15 2025-05-09 UTC+2

Update on US stock market on May 8. SP500 and NASDAQ grow after Fed's policy meeting

US benchmark stock indices closed the previous regular session with gains. The S&P 500 rose by 0.43%, the Nasdaq 100 added 0.27%, and the industrial Dow Jones climbed 0.70%. Futures

Jakub Novak 16:22 2025-05-08 UTC+2

Update on US stock market on May 7. Fed's policy decision on investors' radars

S&P500 Update on US market: pullback ahead of the Fed's policy meeting Snapshot of major US stock indexes on Tuesday: Dow -1%, NASDAQ -0.9%, S&P 500 -0.8%, S&P

Jozef Kovach 11:14 2025-05-07 UTC+2

Update on US stock market on May 6, 2025

S&P500 Overview on May 6 Snapshot of key US majo stock indices on Monday: * Dow: -0.2%, * NASDAQ: -0.7%, * S&P 500: -0.6% * S&P 500 closed at 5,650

Jozef Kovach 16:47 2025-05-06 UTC+2

US stock market still growing

S&P500 Update on US stock market: uptrend still going on Snapshot of major US indices on Friday: Dow +1.4% NASDAQ +1.5% S&P 500 +1.5% S&P 500 closed at 5,686, trading

Jozef Kovach 11:28 2025-05-05 UTC+2

US market: modest but positive move

S&P 500 Summary for May 2 The US market showed a modest but steady rise. On Friday, the main US indices closed in positive territory: the Dow Jones rose

Jozef Kovach 13:38 2025-05-02 UTC+2

US stock market on May 2: S&P 500 and Nasdaq still battling volatility

US stock indices ended the previous regular session higher. The S&P 500 rose 0.63%, while the Nasdaq 100 gained 0.52%. The Dow Jones Industrial Average edged up by 0.21%

Jakub Novak 13:33 2025-05-02 UTC+2

US market: GDP shrinks, but Wall Street climbs

S&P 500 Overview for May 1 GDP contracts, but US market climbs Key US indices on Friday: Dow +0.4%, NASDAQ -0.1%, S&P 500 +0.2%, S&P 500: 5,560, trading range: 5,150–5,800

Jozef Kovach 12:19 2025-05-01 UTC+2

Stock Market for April 30th: S&P 500 and NASDAQ Continue Clinging to Any Positive News

At the close of the previous regular session, U.S. stock indices finished in positive territory. The S&P 500 rose by 0.58%, and the Nasdaq 100 gained 0.55%. The Dow Jones

Jakub Novak 11:10 2025-04-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.